Deepak Nitrite Ltd logo

Deepak Nitrite Ltd

DEEPAKNTR NSE

Key Fundamentals

SmallcapSpecialty ChemicalsChemicals
Market Cap
₹24,322 Cr
Volatility
Moderate
P/E Ratio
31.28
EBITDA
₹1,041 Cr
Return on Equity
9.38%
Debt to Equity
0.28
Book Value
₹427.94
EPS
₹59.06
52W High
₹1,904.4
52W Low
₹1,280

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

2
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
-5.01% ↘
Net Income Growth
-21.04% ↘
Cash Flow Change
-13.73% ↘
ROE
-27.06% ↘
ROCE
-24.81% ↘
EBITDA Margin (Avg.)
-6.83% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Deepak Nitrite trades at a market cap of ₹24,255 crore with a PE of 42.5x on the back of a 10-year sales CAGR of 19% but a recent 3-year profit CAGR of -13%. FY25 total income stood at ~₹8,366 crore (up 8% YoY), while return on equity has declined from a 5-year average of 18% to 10% in the last year, reflecting margin compression from Chinese competition and pricing pressure.

Bull Case 8
  • Strong long-term revenue compounder — 10-year compounded sales CAGR of 19% and 10-year profit CAGR of 24%, demonstrating structural demand for its product portfolio
  • Q1 FY27 showed sharp recovery with PAT tripling to ₹345 crore (up 209% YoY) and EBITDA margins doubling to ~21% from ~11% in Q3 FY25, indicating cyclical trough may be behind
  • Massive capex pipeline of ₹2,500 crore for a 240 KTA Bisphenol-A (BPA) plant, strengthening vertical integration from Cumene to Phenol to BPA to Polycarbonate resins
  • Near-term net debt remains low with debt-to-equity at ~0.22x (₹50-60 crore net debt against net worth of ~₹3,126 crore as of FY25), providing balance sheet headroom for expansion
  • Domestic revenue share of ~84% provides insulation from global trade disruptions and tariff risks
  • TTM profit growth of 31% signals an earnings inflection after two years of compression, potentially justifying the elevated PE multiple
  • Multiple new projects — nitric acid, MIBK/MIBC, hydrogenation, acetophenone — expected to commission in FY26, adding incremental revenue streams
  • 10-year stock CAGR of 33% reflects the market's long-term re-rating of the company from a mid-cap chemical player to a diversified specialty platform
Bear Case 8
  • PE ratio of 42.5x is elevated relative to a last-year ROE of only 10% and 3-year average ROE of 12.8%, implying the stock prices in significant recovery that is not yet fully visible in trailing earnings
  • 3-year compounded profit CAGR is -13% and 5-year profit CAGR is -7%, indicating a prolonged earnings decline despite revenue holding up
  • Intense competition from Chinese chemical imports has pressured spreads in both the Phenolics and Advanced Intermediates segments, with Q3 FY25 revenue declining 5.3% YoY
  • Potential interest cost capitalization (flagged concern) may overstate reported profitability during the heavy capex phase of ₹1,500-4,000 crore annually over FY26-FY28
  • Stock has delivered negative returns over 1-year (-5%), 3-year (-5%), and 5-year (-4%) CAGR periods, suggesting prolonged underperformance despite market tailwinds
  • Dividend yield of just 0.44% offers minimal income support while investors wait for capex projects to generate returns
  • FY26 annual revenue declined ~4.8% to ₹7,887 crore, showing that recovery is uneven and not yet sustained on a full-year basis
  • Capex of ₹3,000-4,000 crore planned for FY27-28 will likely increase leverage and could strain free cash flow if margin recovery stalls

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 5
  • Q1FY26 profit surges 207% YoY Aug 4

    Consolidated net profit jumped to ₹345.01 crore (up 207% YoY) with revenue rising 36% to ₹2,577.60 crore, driven by strong Phenolics segment performance.

  • ₹2,500 Cr BPA plant approved Aug 4

    Subsidiary Deepak Chem Tech approved a ₹2,500 crore investment for a 240 KTA Bisphenol A plant, integrating the value chain from Cumene to Polycarbonate resin.

  • ₹11,500 Cr polycarbonate project advances Aug 7

    The integrated polycarbonate project targets H2 FY29 commissioning with ~₹1,200 crore spent so far; MIBK, MIBC, and Acetophenone units set for August launch. Capex of ₹1,000–1,500 crore planned for FY27 and ₹3,000 crore for FY28.

  • New CEO for Advanced Intermediates Aug 4

    Lohit Shringi appointed CEO of Advanced Intermediates Business effective August 4, 2026, bringing 27+ years of experience from PCBL and DuPont.

  • ₹7.50 dividend approved at AGM Aug 5

    Shareholders approved a ₹7.50 per share dividend and key board appointments at the 55th AGM held August 5, 2026.

Neutral 4
  • Independent Director exits after term Aug 7

    Dileep Choksi ceased as Independent Director effective August 7, 2026, after completing his second term. Board now comprises 13 members.

  • $78.43M guarantee for Oman unit Jul 23

    Deepak Nitrite executed a corporate guarantee for a $78.43 million term loan for subsidiary Deepak Oman Industries (SFZ) LLC, favoring Bank Muscat SAOG.

  • Promoter shares fully unencumbered Jul 21

    Deepak C. Mehta confirmed no encumbrance on promoter shares for FY26 in a declaration submitted to NSE.

  • Q1 FY27 earnings call scheduled Jul 24

    Earnings conference call set for August 6, 2026, at 3:30 PM IST with senior management including Deputy MD Maulik Mehta and CFO Somsekhar Nanda.

TL;DR: Deepak Nitrite is executing strongly with a 207% YoY profit surge in Q1FY26 and aggressive capex plans totaling ₹11,500 crore for its polycarbonate value chain integration. New leadership appointments and near-term unit launches signal operational momentum. No material headwinds are visible in recent news flow. The trend is clearly improving, with the key watch item being timely execution of large capital projects through FY28-29.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,768
1,778
2,009
2,126
2,167
2,032
1,903
2,180
1,890
1,902
1,975
2,120
2,578
Expenses
1,559
1,476
1,705
1,825
1,858
1,734
1,735
1,863
1,700
1,698
1,764
1,744
2,037
Operating Profit
210
302
305
301
309
298
169
317
190
204
211
376
540
OPM %
12%
17%
15%
14%
14%
15%
9%
15%
10%
11%
11%
18%
21%
Other Income
32
17
14
99
19
21
21
23
25
20
-4
7
14
Interest
2
3
3
4
6
6
6
9
8
8
11
19
23
Depreciation
38
39
42
46
47
48
48
51
51
53
58
63
64
PBT
202
277
274
349
275
264
135
279
155
163
138
301
468
Tax %
26%
26%
26%
27%
26%
26%
27%
27%
27%
27%
28%
27%
26%
Net Profit
150
205
202
254
203
194
98
202
112
119
100
220
345
EPS in Rs
10.99
15.04
14.81
18.61
14.85
14.24
7.19
14.84
8.23
8.7
7.32
16.11
25.3
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,327
1,373
1,371
1,651
2,700
4,230
4,360
6,802
7,972
7,682
8,282
7,887
8,575
Expenses
1,187
1,204
1,231
1,447
2,278
3,194
3,108
5,196
6,680
6,555
7,187
6,900
7,243
Operating Profit
140
169
139
204
421
1,035
1,252
1,607
1,292
1,127
1,095
987
1,331
OPM %
11%
12%
10%
12%
16%
24%
29%
24%
16%
15%
13%
13%
16%
Other Income
1
0
80
7
11
29
20
42
46
156
84
44
36
Interest
38
40
37
47
87
118
77
36
27
15
31
49
61
Depreciation
36
40
48
53
78
140
153
178
166
166
195
225
237
PBT
67
89
135
111
268
806
1,042
1,434
1,146
1,102
953
757
1,070
Tax %
21%
29%
28%
29%
35%
24%
26%
26%
26%
26%
27%
27%
—
Net Profit
53
63
96
79
174
611
776
1,067
852
811
697
551
783
EPS in Rs
5.06
5.39
7.37
5.79
12.73
44.8
56.88
78.2
62.47
59.45
51.12
40.36
57.43
Div. Payout %
20%
22%
16%
22%
16%
10%
10%
9%
12%
13%
15%
19%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21
23
26
27
27
27
27
27
27
27
27
27
Reserves
325
450
689
895
1,044
1,545
2,319
3,311
4,063
4,769
5,361
5,810
Borrowings
545
529
724
987
1,187
1,107
590
315
73
286
1,267
1,638
Other Liabilities
235
295
350
684
677
538
630
779
967
1,012
1,053
1,180
Total Liabilities
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,654
Fixed Assets
549
594
586
588
1,716
1,832
1,864
1,963
1,942
2,293
2,457
3,270
CWIP
44
36
349
955
34
172
220
122
301
774
1,649
1,828
Investments
3
87
118
32
2
2
189
439
379
122
511
213
Other Assets
530
580
736
1,018
1,183
1,210
1,293
1,908
2,508
2,907
3,091
3,343
Total Assets
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,654
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
108
167
49
183
60
765
1,002
824
650
874
625
539
Investing
-89
-169
-353
-525
-163
-428
-396
-424
-276
-717
-1,489
-669
Financing
-22
4
305
345
96
-338
-599
-386
-359
44
806
193
Net Cash Flow
-3
2
1
4
-6
-1
7
14
15
200
-59
64
Free Cash Flow
18
81
-192
-438
-194
349
788
638
290
110
-494
-658
CFO/OP
87
110
47
103
28
93
99
73
70
101
77
74
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
86
83
96
91
78
53
63
61
60
62
56
70
Inventory Days
47
54
75
118
94
63
64
53
62
54
59
57
Days Payable
48
59
95
176
106
57
72
46
46
38
33
35
Cash Conversion Cycle
85
79
76
32
66
59
56
67
76
77
82
92
Working Capital Days
-3
-28
-49
-29
35
33
57
57
70
70
64
61
ROCE %
—
14%
8%
10%
17%
38%
40%
44%
30%
22%
16%
11%

Shareholding Pattern

As of Jun 2026
Promoters 49.34%
DIIs 23.76%
Public 18.16%
FIIs 6.25%
Others 2.49%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
45.69%
45.69%
45.69%
45.69%
45.72%
45.72%
45.72%
45.72%
49.13%
49.13%
49.13%
49.13%
49.13%
49.24%
49.24%
49.24%
49.28%
49.28%
49.28%
49.33%
49.33%
49.34%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.36%
0.00%
0.44%
1.00%
0.00%
6.48%
6.72%
6.86%
6.69%
6.59%
6.65%
6.68%
6.21%
6.05%
6.19%
6.25%
DIIs
11.53%
10.29%
10.44%
10.70%
9.97%
10.63%
11.55%
13.76%
14.53%
15.62%
17.03%
18.87%
19.27%
21.21%
22.29%
23.22%
23.22%
22.62%
22.70%
23.20%
23.47%
23.76%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.31%
24.55%
24.87%
26.69%
27.78%
26.89%
26.43%
24.60%
24.53%
23.56%
23.01%
22.12%
21.49%
19.61%
18.61%
17.93%
18.11%
18.84%
19.09%
18.83%
18.50%
18.16%
Others
20.47%
19.47%
19.00%
16.91%
16.54%
16.77%
14.94%
15.92%
11.36%
10.69%
10.83%
3.40%
3.38%
3.09%
3.17%
3.01%
2.74%
2.58%
2.72%
2.59%
2.51%
2.49%
No. of Shareholders
0
1,90,915
3,06,098
3,74,962
5,36,074
6,39,690
6,70,102
6,91,728
6,49,046
6,12,869
5,72,562
5,34,115
5,02,250
4,51,198
4,22,398
4,10,749
4,09,970
4,16,258
4,19,367
4,08,560
3,96,798
3,82,905

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Nov 2017 Nov 2017
3
Concall - Jan 2018 Jan 2018
4
Concall - May 2018 May 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about Deepak Nitrite Ltd

What does Deepak Nitrite Ltd do?
Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]
Where is Deepak Nitrite Ltd (DEEPAKNTR) listed?
Deepak Nitrite Ltd is listed on the Indian stock exchanges. It is listed on NSE: DEEPAKNTR and BSE: 506401. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Deepak Nitrite Ltd belong to?
Deepak Nitrite Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a market capitalisation of approximately ₹24321.61 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Deepak Nitrite Ltd?
The Price-to-Earnings (PE) ratio of Deepak Nitrite Ltd is 31.28. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Deepak Nitrite Ltd?
Over the past 52 weeks, Deepak Nitrite Ltd has traded between a low of ₹1,280 and a high of ₹1,904.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Deepak Nitrite Ltd pay dividends?
Yes, Deepak Nitrite Ltd has a dividend yield of 0.43%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a Return on Equity (ROE) of 9.38%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Deepak Nitrite Ltd on Tapetide?
On Tapetide, you can view Deepak Nitrite Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

Website godeepak.com
CEO Mr. Deepak Chimanlal Mehta B.Sc.
Employees 1,757
Listed 2010-09-29
Face Value ₹ 2
Issued Size 13,63,93,041

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